OGE Energy Corp. (NYSE:OGE) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its holdings in shares of OGE Energy Corp. (NYSE:OGE - Free Report) by 92.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,532 shares of the utilities provider's stock after selling 87,111 shares during the quarter. Millennium Management LLC's holdings in OGE Energy were worth $311,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OGE. Quadrant Capital Group LLC grew its position in OGE Energy by 5.2% during the fourth quarter. Quadrant Capital Group LLC now owns 4,825 shares of the utilities provider's stock valued at $199,000 after acquiring an additional 239 shares during the period. CIBC Asset Management Inc raised its position in OGE Energy by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 6,038 shares of the utilities provider's stock valued at $249,000 after purchasing an additional 295 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of OGE Energy by 1.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,157 shares of the utilities provider's stock worth $1,161,000 after purchasing an additional 354 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of OGE Energy by 102.0% during the fourth quarter. Bessemer Group Inc. now owns 715 shares of the utilities provider's stock worth $30,000 after purchasing an additional 361 shares in the last quarter. Finally, Commerce Bank boosted its position in shares of OGE Energy by 1.5% in the fourth quarter. Commerce Bank now owns 30,608 shares of the utilities provider's stock worth $1,263,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 71.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OGE shares. LADENBURG THALM/SH SH raised OGE Energy to a "hold" rating in a research report on Friday, May 9th. Barclays upgraded shares of OGE Energy from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $45.00 to $47.00 in a research note on Thursday, June 5th. Wells Fargo & Company lifted their price target on shares of OGE Energy from $46.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Finally, Argus raised shares of OGE Energy from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, OGE Energy has a consensus rating of "Moderate Buy" and a consensus target price of $46.80.

Insider Buying and Selling

In other OGE Energy news, VP Donnie O. Jones sold 11,351 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $44.06, for a total value of $500,125.06. Following the sale, the vice president now directly owns 43,932 shares of the company's stock, valued at $1,935,643.92. This trade represents a 20.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William H. Sultemeier sold 6,650 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $45.54, for a total value of $302,841.00. Following the completion of the sale, the insider now owns 72,548 shares in the company, valued at $3,303,835.92. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

OGE Energy Stock Down 0.9%

NYSE OGE traded down $0.38 during trading hours on Friday, reaching $44.26. 707,070 shares of the company traded hands, compared to its average volume of 1,108,471. The stock has a market capitalization of $8.91 billion, a PE ratio of 20.12, a PEG ratio of 3.30 and a beta of 0.59. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.08. OGE Energy Corp. has a 12 month low of $34.84 and a 12 month high of $46.91. The company has a 50 day moving average of $44.36 and a two-hundred day moving average of $43.55.

OGE Energy (NYSE:OGE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The business had revenue of $747.70 million for the quarter, compared to analysts' expectations of $695.59 million. OGE Energy had a net margin of 14.79% and a return on equity of 9.71%. The company's quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 earnings per share. As a group, equities analysts expect that OGE Energy Corp. will post 2.27 earnings per share for the current year.

OGE Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Monday, July 7th will be given a dividend of $0.4213 per share. This represents a $1.69 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Monday, July 7th. OGE Energy's dividend payout ratio is currently 69.42%.

OGE Energy Profile

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.